CONSUMER PRICE INDEX (CPI)

 

Cost-of-Living Adjustment for County Officials' Salaries for Fiscal Year 2021-2022


Pursuant to Montana Code Annotated §7-4-2503 and §7-4-2504(1991), the cost-of-living adjustment is derived using the Consumer Price Index of all Urban Consumers (CPI-U) from the U.S. Department of Labor, Bureau of Labor Statistics (1982-84=100):



(A) Annual CPI-U index (annual average) for calendar year 2020: 258.81



(B) Annual CPI-U index (annual average) for calendar year 2019: 255.66



(C) Index point change for 2019 to 2020 [A - B]: 258.81 - 255.66 = 3.15



(D) Percent change in annual indexes from 2019 to 2020 [C / B]: 3.51/255.66 = 0.0123 or 1.23 percent



(E) Cost-of-living adjustment factor -- 100 percent of the percent change in the annual index from 2019 to 2020 (efffective 7/1/21): 1.81 percent



PDF of Cost-of-Living Adjustment for County Officials' Salaries for FY 2021-2022


Information about the Consumer Price Index (CPI)